STOCKHOLM, July 20, 2023 /PRNewswire/ -- As part of its ongoing work to sharpen its strategic focus, Electrolux Group announced today that the company has started preparations for a potential divestment of Zanussi and other non-core brands* during the coming years. A divestment would include the production facilities in Egypt, which produce Zanussi-branded major appliances, and production facilities for water heaters in Egypt and South Africa. Together with continued sale of non-strategic real estate, the total potential divestment value for all these assets combined is estimated to be approximately SEK 10bn.
Read more at prnewswire.comElectrolux Group initiates preparations to divest non-core assets with total potential value of SEK 10bn
PR Newswire -
Thu Jul 20, 2023
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